On Tuesday, spot bitcoin exchange-traded funds in the United States saw overall daily net inflows valued at $116.96 million. Monday saw the funds move to net inflows, therefore ending their eight-day negative flow pattern.
With $63.16 million, Fidelity’s Facebook TC led the field of inflows as it did on Monday. Based on SoSoValue data, Grayscale’s Bitcoin Mini Trust tracked with $41.13 million in inflows. ARKB from Ark Invest and 21 Shares likewise saw inflows of $12.68 million. BlackRock’s IBIT and the other eight funds noted zero daily flows in the meantime. Since Aug. 26, IBIT has not had net flows.
On Tuesday, the 12 bitcoin ETFs showed a daily trading volume of $712.27 million, far less than their typical turnover between $1 billion and $2 billion. Data shows that this is also the third lowest daily transaction volume for spot bitcoin ETFs, lowest since February 6. The bitcoin funds had net inflows of $17.04 billion since their introduction.
Ending their five-day outflow run, spot Ethereum ETFs in the United States had net inflows of $11.44 million. Since Aug. 28, it is also the first net inflow recorded from ether ETFs. With $7.13 million, Fidelity’s FET tracked the highest net inflows for the day. The ETHA of BlackRock trailed with $4.31 million. Tuesday’s flows for the remaining seven ETFs were zero. Lower than Monday’s $124.51 million, the nine ETFs’ combined daily trading volume was $102.87 million. Their net outflows taken all together come to $562.06 million.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.